Both sides in Iran war ratchet up attacks on energy facilities, as oil prices surge

The interception of missiles by Saudi Arabia underscores the heightened military tensions in the region, particularly in light of the ongoing Iran conflict. As both sides increase their attacks on energy facilities, the potential for further escalation looms large, which could have dire consequences for global oil prices and supply chains. The meeting of foreign ministers may serve as a critical juncture for diplomatic efforts, but the effectiveness of such discussions remains uncertain given the current hostilities.